计算机行业报告：“低空经济”专题研究-未来已来，空管系统引领低空新质生产力

Investment Rating - The report maintains a "Recommended" rating for the computer industry, particularly focusing on the low-altitude economy as a significant growth area [5][10]. Core Viewpoints - The low-altitude economy is identified as an essential component of new productive forces, with ongoing top-level design and local policies supporting its development in China [5][20]. - The market size of China's low-altitude economy exceeded 500 billion yuan in 2023 and is expected to surpass 2 trillion yuan by 2030, driven by various provincial targets and commercial applications in logistics, agriculture, and tourism [20][21]. - The report emphasizes that the air traffic management (ATM) system is poised to lead the low-altitude infrastructure sector, which is projected to have a trillion-yuan market space [6][29]. Summary by Sections Low-Altitude Economy Development - The central government has progressively integrated the low-altitude economy into national strategic plans, with significant milestones including its inclusion in the 2024 government work report and the issuance of the "General Aviation Equipment Innovation Application Implementation Plan (2024-2030)" [5][14]. - Various provinces have set ambitious targets for their low-altitude economies, with Shanghai and Henan aiming for over 500 billion yuan and 800 billion yuan respectively by 2027 [5][15]. Financial Support and Policy Framework - Special bonds and long-term national debt are expected to support the development of low-altitude infrastructure, as highlighted by policies from Zhejiang and Sichuan provinces [6][24]. - The central government's recent measures to alleviate local government debt pressures are anticipated to free up resources for economic development, benefiting the low-altitude economy [6][25]. Market Potential and Infrastructure - The low-altitude economy encompasses three main layers: aircraft manufacturing, infrastructure development, and cross-industry integration, with significant growth potential in infrastructure [29][30]. - The air traffic management system, which includes communication, navigation, and surveillance (CNS) components, is crucial for the development of low-altitude infrastructure and is expected to see rapid implementation [33][35]. Key Companies in the Sector - Notable companies involved in the low-altitude economy include: - Lais Information: Provides integrated airspace management platforms and collaborates with various local governments [7][10]. - Sichuan Jiuzhou: Offers comprehensive system solutions for low-altitude operations, including software and hardware components [8][10]. - New Morning Technology: Focuses on low-altitude flight planning and monitoring systems, with ongoing projects in multiple provinces [9][10]. - The report highlights the potential for these companies to benefit from the growing low-altitude economy and the supportive policy environment [10].